CosmicTaco

BharatPe's FY24 Revenue Skyrockets to INR 1,426 Cr

CosmicTaco · 2024-10-16T17:23:25.873107+05:30

- BharatPe's FY24 revenue surged 39% to INR 1,426 Cr from INR 1,029 Cr in FY23. - EBITDA loss, excluding share-based payment expenses, dropped 75% to INR 209 Cr. - Pre-tax loss halved to INR 941 Cr from INR 474 Cr in FY23. - The fintech unicorn managed to reduce its cash burn by 85% in FY24. - BharatPe's lending portfolio saw a 40% YoY growth, primarily catering to merchants. Source: [Inc42](https://inc42.com/buzz/bharatpe-fy24-revenue-jumps-39-yoy-to-inr-1426-cr/)

BharatPe's FY24 revenue surged 39% to INR 1,426 Cr from INR 1,029 Cr in FY23.
EBITDA loss, excluding share-based payment expenses, dropped 75% to INR 209 Cr.
Pre-tax loss halved to INR 941 Cr from INR 474 Cr in FY23.
The fintech unicorn managed to reduce its cash burn by 85% in FY24.
BharatPe's lending portfolio saw a 40% YoY growth, primarily catering to merchants.

Source: Inc42